Hanmi Financial Corporation (HAFC)
Hanmi Financial Corporation is the holding company of Hanmi Bank offering commercial banking products and services in the United States. The company is headquartered in Los Angeles, California.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is decreasing.
- The decline rate of the primary trend is 16.04% per annum.
- HAFC price at the close of November 19, 2024 was $25.41 and was higher than the top border of the primary price channel by $8.37 (49.08%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 75.36% per annum.
- HAFC price at the close of November 19, 2024 was higher than the top border of the secondary price channel by $1.69 (7.13%).
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of HAFC price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: October 27, 2021
End date: July 10, 2024
a = 3.4780
b = -0.0005
s = 0.1163
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0005) – 1
= -16.04%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1163) – 1
= 59.24%
October 27, 2021 calculations
Top border of price channel:
Exp(Y487)
= Exp(a + b × X487 + 2 × s)
= Exp(a + b × 707 + 2 × s)
= Exp(3.4780 + -0.0005 × 707 + 2 × 0.1163)
= Exp(3.3719)
= $29.13
Bottom border of price channel:
Exp(Y487)
= Exp(a + b × X487 – 2 × s)
= Exp(a + b × 707 – 2 × s)
= Exp(3.4780 + -0.0005 × 707 – 2 × 0.1163)
= Exp(2.9067)
= $18.30
July 10, 2024 calculations
Top border of price channel:
Exp(Y1,164)
= Exp(a + b × X1,164 + 2 × s)
= Exp(a + b × 1,694 + 2 × s)
= Exp(3.4780 + -0.0005 × 1,694 + 2 × 0.1163)
= Exp(2.8991)
= $18.16
Bottom border of price channel:
Exp(Y1,164)
= Exp(a + b × X1,164 – 2 × s)
= Exp(a + b × 1,694 – 2 × s)
= Exp(3.4780 + -0.0005 × 1,694 – 2 × 0.1163)
= Exp(2.4338)
= $11.40
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 16.04% per annum.
- HAFC price at the close of November 19, 2024 was $25.41 and was higher than the top border of the primary price channel by $8.37 (49.08%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: February 6, 2024
End date: November 5, 2024
a = 0.2381
b = 0.0015
s = 0.0592
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0015) – 1
= 75.36%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0592) – 1
= 26.71%
February 6, 2024 calculations
Top border of price channel:
Exp(Y1,058)
= Exp(a + b × X1,058 + 2 × s)
= Exp(a + b × 1,539 + 2 × s)
= Exp(0.2381 + 0.0015 × 1,539 + 2 × 0.0592)
= Exp(2.7247)
= $15.25
Bottom border of price channel:
Exp(Y1,058)
= Exp(a + b × X1,058 – 2 × s)
= Exp(a + b × 1,539 – 2 × s)
= Exp(0.2381 + 0.0015 × 1,539 – 2 × 0.0592)
= Exp(2.4879)
= $12.04
November 5, 2024 calculations
Top border of price channel:
Exp(Y1,247)
= Exp(a + b × X1,247 + 2 × s)
= Exp(a + b × 1,812 + 2 × s)
= Exp(0.2381 + 0.0015 × 1,812 + 2 × 0.0592)
= Exp(3.1447)
= $23.21
Bottom border of price channel:
Exp(Y1,247)
= Exp(a + b × X1,247 – 2 × s)
= Exp(a + b × 1,812 – 2 × s)
= Exp(0.2381 + 0.0015 × 1,812 – 2 × 0.0592)
= Exp(2.9080)
= $18.32
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 75.36% per annum.
- HAFC price at the close of November 19, 2024 was higher than the top border of the secondary price channel by $1.69 (7.13%).